An Agent's Duty to Inform

question 37

Multiple Choice

An agent's duty to inform:

• A) applies to material and nonmaterial facts relating to the agency.
• B) does not apply if providing facts to the principal would violate a superior duty owed by the agent to another person.
• C) arises because notice to an agent does not constitute notice to the principal.
• D) All of these.

---

Definitions:

Warranties

Warranties are guarantees made by a seller that the goods or services offered meet certain quality standards and assurances about the product or service's condition.

Implied Warranty

A legal concept that guarantees a product will meet basic standards of performance and quality without being explicitly stated.

Warranty Of Fitness

An assurance that a product will meet a buyer's specified purpose or needs, often implied in a sale unless specifically excluded.

Implied Warranty

A legally assumed guarantee that a product will meet certain quality and reliability standards.